Topic: CRYPTSY stopping withdraw locking accounts without notifying users! Class Action - page 454. (Read 1007121 times)

Both ETH and DOGE are trading at significant premiums on Cryptsy versus other exchanges.  This is consistent with the theory that people are bidding those 2 up there because they are still able to get those coins off, while BTC and LTC are still on near permanent lock-down.

http://www.worldcoinindex.com/coin/ethereum
http://www.worldcoinindex.com/coin/dogecoin

Update:  It looks like problems have now spread to ETH withdrawals as well:

BitBargain • 9 hours ago

Have been waiting ~15 hours for my Eth withdrawal. Support's email to me claims they *don't know* why withdrawals aren't working. They also claim it started at least a week ago, but yet there's no signs posted on the front page to warn users about potential withdrawal problems before they deposited coins.

https://www.cryptocoinsnews.com/cryptsys-bitcoin-withdrawal-troubles-continue/

Make no mistake about this, I am very measured before I go out swinging punches, I take my time to analyze matters before I level charges, and I applied the same methodology to Cryptsy this time around. I have a very high degree of confidence that what is happening there is anything but a normal technical glitch. This is a VERY big deal and I am astounded that it hasn't caused more noise in the crypto world...

By the way, Doge volume continues to grow, it is now 119BTC in the last 24hrs compared to 70-80 the last two weeks, on average, while volume in all other alts is dropping, LTC being now down to 45BTC worth. Unfortunately the picture that I painted previously is starting to materialize slowly but surely.

Cresty ya your prob right.. Internal.

And here guys..
to back up my mouth before when i claimed they screwed everyone over about Doge for a week+

That is a screen cap of my IRC log from NOV 2014 while i accidentally went while they were having problems.
It was a coincidence i went there then.. for all i know this was going on before or after too.

My log is almost 3mb long of a text file (so it's big)
At quick glance there was 526 ref's to Doge
..many of users complaining where my coins went.
I told the story before already so to sum it up they simply vanished off the web
they were not on their support channel or on their own chat or in the normal Cryptsy channel ..where i am now (link in my sig)

If i sift through this log i could build a nasty picture LOL

But if anyone wants the raw log uploaded somewhere let me know.

Sorry man, I'm just tired of all the harassing that goes on around here, not just to me, I see some very nasty and racist remarks being directed at you as well. I just don't appreciate being libeled as some kind of monster when I have tried to help people where I can.

I haven't even really been following the service discussion for some weeks now but I think you guys may be correct in Cryptsy being insolvent. I have friends with withdrawals being stuck for more than a week and only today I went through the service discussion and there are far more reports of problems and missing Coins than needs to be.

I'll help you guys with whatever you need but I haven't been involved in illegitimate operations at the expense of others. My Skype logs only go back as far as the end of April 2014 and even from what I remember (or old Skype logs I have logged), I could not see anything considered fraudulent. If Cryptsy is insolvent, it would likely be due to something internal they are not sharing.

Yeah, that's a bit too much Hippie. I'm not sure how you make the connection. By the way, I have to say, if there is one person in the crypto community that has earned my respect, that would be Doog. I can cite many reasons why I think he is not the self-interested sock-puppeteer that you make him out to be, but I think for most of us, most such reasons are self-evident.

That is not to say that I completely disagree with your broader premise that most of the crypto world is driven by nothing but fear/greed. But then again, aren't all markets?

No.

DOGE was one of the "go to" coins while Vircurex was making its final dive..

Yes... good ole DOGE.. dooglus .. doggity (was it mergemined from day 1 ? ) DOGE ..

The Cryptsy "premium" was about 10 percent last week.

If it's now over 25 that gives one an idea of how the "situation" is progressing.

Yup when i have seen good opportunities like that..



Guys i have bitched lots i quit Crypto (trading/arb'ing) after moving coins from Polo / Cryptsy arb'ing.
I got sick of coins vanishing and getting burned.

And i too way back also bought Doge to get out of an exchange then got stuck with them taking a loss.

So hell ya i agree with these guys 1,0000%

Dude chill out man.. are you going HippieTech on me ?

I posted some PM's and tried to get this guy to shut up about you.
One good way to do that was to create new topic and show everyone the PM's you sent me.
No. 1 that would draw him over to the other topic.
No. 2 low his complaining.
No. 3 That would possibly vindicate you from HippieTech's obsession against you.

I told you also in part i was having doubts whether you are some other guys around Crypto we all.
Based mainly on stuff HippieTech has been posting about you lots.

Go check out the rep forum topic on Crestington.
You can see i was not trying to put your down or insult you.
If you feel like i stabbed you in the back or anything Crestington you really do have my sincere apologies man.
I shit you not i mainly wanted to give everything i know about you to HippieTech etc
so maybe the lynch mob on you would stop with it all.

 Libel and Cyberstalking ?
Where the hell are you getting that from ?

Cresty come on #Cryptsy on Freenode IRC and talk with me / us.
I will try and be there frequently.

Crestington you have always been a super nice guy and fun to talk to & i have nothing bad to say about you.
I am sorry if you feel i have done you wrong.
But do remember that HippieTech started posting a lot negative stuff about you on -THIS- topic before.
So i was trying to get it moved over to a new topic, instead of here

Is there an echo in here? (just read after penning my last post above)

Dude, this is exactly what I thought upon reading the post immediately above but opted to not comment virtually echoing your sentiments. My other thought was that Cryptsy and Polo share Kapeles' $40K bed with shill cats.

Fantastic, I'm sure it will be a great asset to the Libel and Cyberstalking case I am compiling.

I don't even have to go out of my jurisdiction if I decide to take you to court.

I am beginning to develop a theory that they are trying to coerce people into buying Doge. By limiting all other withdrawals, they are channeling the herd (myself included) into Doge. Cryptsy may very well have deep Doge pockets themselves from the plentiful early mining back in Dec'13, for all we know they could be holding billions of Doge. Now if you force people to buy it, price will go up steadily, providing for a good self-supporting market. The price increases without the need to artificially pump it and risk BTC in the process.

The only question then would be, once they are done, do they release all other withdrawals once more and launch a PR campaign to pretend like nothing major had happened, or do they close up shop for good?

they are trying to manipulate people to cancel their withdrawals and buy alts being held by their very own scumbag friends that are fool up on their website . and i suspect insider trading like what stop this mofos telling their friends info about who owns what and what can be pumped and what not the possibility of abuse is great and this people have showed themselves to be dishonest and untrustworthy so i defiantly would put insider trading past them . scumbag company. i was secretly banned from their chat nobody say a notice saying i was banned not even me just couldn't post anymore apparently you are not allowed to demand your money from them in the chat. only their friends can sit in chat talking crap all day trying to divert attention from the very serious situation created by their friend cryptsy and they all seem to be making money out of it. can someone explain how this is legal/ why the community should feel like breaking some punk faces?

    mine nearly 2 weeks and nothing its moving slow some fake tech support says to me like are you so stupid crypts you don't knos the meaning of slow? scumbags

I agree with your assessment. That is exactly why the spread in Doge price grows between Cryptsy and other exchanges. People are slowly realizing they can't withdraw BTC DASH and other coins, and are buying Doge to get it out, pushing the price up on Cryptsy and down on other exchanges when they convert back to BTC.

If there are big arbitrage opportunities that is A BIG RED FLAG - why?  because either 1.  you cant import coins, or 2.  you cant withdraw coins.  If the wallets are empty, then cryptsy employees or owners can simply put bids up to entice people to deposit btc (thinking they can take advantage of price difference).  They then make the trade, but cannot withdraw.  From experience, DO NOT TRY IT.  you will get shafted.  Again, not accusing or spreading FUD on cryptsy, this is general advice for any exchange.

One more important piece of information for those who are still unsure of what to think about this fiasco:

I made a post a week ago (around page 75 on here) that one way to withdraw your coins would be to convert into Doge, as they seem to have plenty of it and will welcome you giving them BTC for their Doge. Even back then, you stood to lose around 15% on the difference in price no the exchanges, ie Doge back then was 37-38 on Cryptsy and 32-33 on Poloniex and the equivalent in CNY on BTC38. I predicted that as this issue drags on, the disparity in Doge price will only grow, and that seems to be the case now. Cryptsy's DOGE price is now at 40 sats while it's dropped to 30-31 on Poloniex. You now lose 25% of your coins' worth by going that route and I anticipate as mass panic starts to set in, Doge price will further rise on Cryptsy and fall on other exchanges. This is identical to what happened to BTC (dropped to $100) on Mt.Gox in March 2014 while it was still over $300 on other exchanges.

I hope BTC withdrawals magically start working again, but if my analysis continues to be correct, this is the direction we are heading in.

If you still can...